PURCHASE AND ASSUMPTION AGREEMENT WHOLE BANK ALL DEPOSITS AMONG FEDERAL DEPOSIT INSURANCE CORPORATION, RECEIVER OF CAROLINA FEDERAL SAVINGS BANK, CHARLESTON, SOUTH CAROLINA FEDERAL DEPOSIT INSURANCE CORPORATION and BANK OF NORTH CAROLINA, DATED AS OF...Purchase and Assumption Agreement • June 14th, 2012 • BNC Bancorp • National commercial banks
THIS AGREEMENT, made and entered into as of the 8th day of JUNE, 2012, by and among the FEDERAL DEPOSIT INSURANCE CORPORATION, RECEIVER of CAROLINA FEDERAL SAVINGS BANK, CHARLESTON, SOUTH CAROLINA (the “Receiver"), BANK OF NORTH CAROLINA, THOMASVILLE, NORTH CAROLINA, organized under the laws of the State of North Carolina, and having its principal place of business in Thomasville, North Carolina (the “Assuming Institution"), and the FEDERAL DEPOSIT INSURANCE CORPORATION, organized under the laws of the United States of America and having its principal office in Washington, D.C., acting in its corporate capacity (the “Corporation”).
